How Modelling Airline Business Helps in Providing Cheap Flights to Passengers?

Do you think that providing the best air fares on tickets is just a matter of timing (book early or in the last minute) or demand and supply or due to any other tactical reason? This is certainly not the case. A lot depends on the business modelling of the airline business which is a larger part of the overall strategy with the ultimate objective of being a successful airline by cutting through the existing competition. So, if the low cost carriers have been successful, it is not just because of the fact that they started offereing cheap flights to passengers to gain more customers and to fill more seats. The fact is that this was very carefully built into the overall strategy of the business model, starting right from the time of drawing up plans. Technical, operational, marketing and financial feasibility studies are some of the many that form the initial edifice of offering cheap air tickets to the passengers. Basically, there are two routes to go for a scheduled air...